Direct Digital Holdings Announces Expansion of its Equity Reserve Facility to $100 Million [Yahoo! Finance]
Direct Digital Holdings, Inc. (DRCT)
Company Research
Source: Yahoo! Finance
leading advertising and marketing technology platform operating through its companies Colossus Media, LLC ("Colossus SSP") and Orange 142, LLC ("Orange 142"), today announced that it has entered into an amendment to its existing Equity Reserve Facility to expand the capacity to $100 million from $20 million. The expansion of the Equity Reserve Facility reflects the amendment to the Company's Share Repurchase Agreement with New Circle Capital to a total capacity of $100 million in aggregate gross proceeds from the sale of Class A Common Stock. Mark Walker, Chief Executive Officer of Direct Digital Holdings, commented, "We view this expansion of our existing equity reserve facility as good capital management strategy that provides us with additional liquidity to operate and grow our business. We appreciate the flexibility of our partners as we continue to optimize our access to capital and strengthen our balance sheet." The Company expects that any proceeds received from the sale
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DRCT
News
- Direct Digital Holdings Regains Compliance with Nasdaq Stockholders' Equity Requirement [Yahoo! Finance]Yahoo! Finance
- Direct Digital Holdings Regains Compliance with Nasdaq Stockholders' Equity RequirementPR Newswire
- Direct Digital (NASDAQ:DRCT) had its "speculative buy" rating reaffirmed by analysts at Benchmark Co.. They now have a $2.00 price target on the stock, down previously from $6.00.MarketBeat
- Direct Digital Holdings, Inc. (DRCT) Reports Q3 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Direct Digital Holdings Reports Third Quarter 2025 Financial Results [Yahoo! Finance]Yahoo! Finance
DRCT
Earnings
- 11/6/25 - Miss
DRCT
Sec Filings
- 12/5/25 - Form 8-K
- 12/5/25 - Form PRE
- 12/1/25 - Form 424B4
- DRCT's page on the SEC website